4. REVERSE ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Fair value of assets acquired and liabilities assumed

Capitalized software	$	262,243
Patents and trademarks, net		42,356
Total assets acquired		304,599
Due to former management		150,000
Total liabilities assumed		150,000
Total assets less liabilities assumed		154,599
Net assets attributed to non-controlling interests (Klever shareholders)		23,190
Net assets acquired		131,409
Consideration [1]		131,409

[1] The fair value of the consideration effectively transferred, $131,409, was measured based on the net asset value of the Klever Marketing, Inc. assets immediately before the transaction.